The markets will likely take some breather in the coming week following last week's huge economic data announcements. But that does not mean there won't be trading opportunities coming from the data releases. Last week we asked if quarterly corporate earnings would push stock prices to new record highs, and they did! But will optimism in stocks, gold, oil and the Euro remain after the next set of economic news releases? Let's take a look at this week's schedule.
The week behind
In our last week's news calendar we pointed out that it will be a very busy week packed with economic data, earnings releases. That was indeed the case. Wednesday's FOMC's Rate Decision release was the main turning point for the financial markets. Stocks, gold, oil and the Euro rallied, but then they turned lower. The rally resumed later in the week, as investors reacted to series of big quarterly corporate earnings releases along with the important Friday's Non-farm Payrolls release. The broad stock market has reached new record high, gold has broken above $1,500 price again. But there were also some important data releases outside of the U.S. - Central Banks' announcements caused tradable currency fluctuations.
The week ahead
What about the coming week? It will be worth paying attention to the Tuesday's ISM Non-Manufacturing PMI release, as it may move markets. Then there will be a series of economic data from the Eurozone and Canada along with monetary policy statements in Australia and the U.K. The quarterly earnings season in the U.S. is coming to an end, but we still can see some volatility there. Let's take a look at key highlights:
- Tuesday's ISM Non-Manufacturing PMI release will likely be the most important market moving event this week.
- There will be a series of Eurozone's economic data releases throughout the whole week.
- Tuesday's and Wednesday's oil inventories data releases may be important for the price of oil, as it is at resistance level again.
- The monetary policies of Australia and the U.K. may get adjusted this week and their currencies will likely follow the news.
- Last but not least, quarterly earnings season is still going. We will get reports from BA, BIDU, CVS, DIS, HUM, NEM, REGN, QCOM, among others.
You will find this week's the key news releases below (EST time zone). For your convenience, we broken them down per market to which they are particularly important, so that you know what to pay extra attention to, if you have or plan to have positions in one of them. Moreover, we put the particularly important news in bold. This kind of news is what is more likely to trigger volatile movements. The news that are not in bold usually don't result in bigger intraday moves, so unless one is engaging in a particularly active form of day trading, it might be best to focus on the news that we put in bold. Of course, you are free to use the below indications as you see fit. As far as we are concerned, we are usually not engaging in any day trading during days with "bold" events on a given market. However, in case of more medium-term trades, we usually choose to be aware of the increased intraday volatility, but not change the currently opened position.
Gold, Silver, and Mining Stocks
Monday, November 4
- 10:00 a.m. U.S. - Factory Orders m/m
- 1:30 p.m. Eurozone - ECB President Lagarde Speech
- 8:45 p.m. China - Caixin Services PMI
- 10:30 p.m. Australia - RBA Rate Statement, Cash Rate
Tuesday, November 5
- Before Open U.S. - NEM, REGN Quarterly Earnings
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, JOLTS Job Openings
Wednesday, November 6
- Before Open U.S. - BA, CVS, HUM Quarterly Earnings
- 8:00 a.m. U.S. - FOMC Member Evans Speech
- 10:30 a.m. U.S. - FOMC Member Williams Speech
Thursday, November 7
- 5:00 a.m. Eurozone - EU Economic Forecasts
- 7:00 a.m. U.K. - Official Bank Rate, Monetary Policy Summary, BOE Inflation Report, MPC Official Bank Rate Votes
- 7:30 a.m. U.K. - BOE Governor Carney Speech
- 7:30 p.m. Australia - RBA Monetary Policy Statement, Home Loans m/m
- Tentative, China - Trade Balance, USD-Denominated Trade Balance
Friday, November 8
- 8:30 a.m. Canada - Employment Change, Unemployment Rate, Building Permits m/m
- 8:30 a.m. U.S. - FOMC Member Brainard Speech
Monday, November 4
- 10:00 a.m. U.S. - Factory Orders m/m
- 1:30 p.m. Eurozone - ECB President Lagarde Speech
- 8:45 p.m. China - Caixin Services PMI
- 10:30 p.m. Australia - RBA Rate Statement, Cash Rate
Tuesday, November 5
- 8:30 a.m. Canada - Trade Balance
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, JOLTS Job Openings
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
Wednesday, November 6
- 8:00 a.m. U.S. - FOMC Member Evans Speech
- 10:30 a.m. U.S. - Crude Oil Inventories
- 10:30 a.m. U.S. - FOMC Member Williams Speech
- 7:30 p.m. Australia - Trade Balance
Thursday, November 7
- 5:00 a.m. Eurozone - EU Economic Forecasts
- 7:00 a.m. U.K. - Official Bank Rate, Monetary Policy Summary, BOE Inflation Report, MPC Official Bank Rate Votes
- 7:30 a.m. U.K. - BOE Governor Carney Speech
- 7:30 p.m. Australia - RBA Monetary Policy Statement, Home Loans m/m
- Tentative, China - Trade Balance, USD-Denominated Trade Balance
Friday, November 8
- 8:30 a.m. Canada - Employment Change, Unemployment Rate, Building Permits m/m
- 8:30 a.m. U.S. - FOMC Member Brainard Speech
Monday, November 4
- 4:00 a.m. Eurozone - Final Manufacturing PMI
- 4:30 a.m. Eurozone - Sentix Investor Confidence
- 10:00 a.m. U.S. - Factory Orders m/m
- 1:30 p.m. Eurozone - ECB President Lagarde Speech
- 8:45 p.m. China - Caixin Services PMI
Tuesday, November 5
- Before Open U.S. - NEM, REGN Quarterly Earnings
- 8:30 a.m. U.S. - Trade Balance
- 9:45 a.m. U.S. - Final Services PMI
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, JOLTS Job Openings
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
Wednesday, November 6
- 4:00 a.m. Eurozone - Final Services PMI
- 5:00 a.m. Eurozone - Retail Sales m/m
- Before Open U.S. - BA, CVS, HUM Quarterly Earnings
- 8:00 a.m. U.S. - FOMC Member Evans Speech
- 8:30 a.m. U.S. - Preliminary Nonfarm Productivity q/q, Preliminary Unit Labor Costs q/q
- 10:30 a.m. U.S. - Crude Oil Inventories
- 10:30 a.m. U.S. - FOMC Member Williams Speech
- After Close U.S. - BIDU, QCOM Quarterly Earnings
Thursday, November 7
- 5:00 a.m. Eurozone - EU Economic Forecasts
- 7:00 a.m. U.K. - Official Bank Rate, Monetary Policy Summary, BOE Inflation Report, MPC Official Bank Rate Votes
- 7:30 a.m. U.K. - BOE Governor Carney Speech
- 8:30 a.m. U.S. - Unemployment Claims
- After Close U.S. - DIS Quarterly Earnings
- Tentative, China - Trade Balance, USD-Denominated Trade Balance
Friday, November 8
- 8:30 a.m. U.S. - FOMC Member Brainard Speech
- 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Final Wholesale Inventories m/m
- 8:30 p.m. China - Consumer Price Index y/y, Producer Price Index y/y
Monday, November 4
- 3:15 a.m. Eurozone - Spanish Manufacturing PMI
- 3:45 a.m. Eurozone - Italian Manufacturing PMI
- 3:50 a.m. Eurozone - French Final Manufacturing PMI
- 3:55 a.m. Eurozone - German Final Manufacturing PMI
- 4:00 a.m. Eurozone - Final Manufacturing PMI
- 4:30 a.m. Eurozone - Sentix Investor Confidence
- 10:00 a.m. U.S. - Factory Orders m/m
- 1:30 p.m. Eurozone - ECB President Lagarde Speech
- 8:45 p.m. China - Caixin Services PMI
Tuesday, November 5
- 3:00 a.m. Eurozone - Spanish Unemployment Change
- 5:00 a.m. Eurozone - Producer Price Index m/m
- 8:30 a.m. U.S. - Trade Balance
- 9:45 a.m. U.S. - Final Services PMI
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, JOLTS Job Openings
Wednesday, November 6
- 2:00 a.m. Eurozone - German Factory Orders m/m
- 3:15 a.m. Eurozone - Spanish Services PMI
- 3:45 a.m. Eurozone - Italian Services PMI
- 3:50 a.m. Eurozone - French Services PMI
- 3:55 a.m. Eurozone - German Services PMI
- 4:00 a.m. Eurozone - Final Services PMI
- 5:00 a.m. Eurozone - Retail Sales m/m
- 8:00 a.m. U.S. - FOMC Member Evans Speech
- 8:30 a.m. U.S. - Preliminary Nonfarm Productivity q/q, Preliminary Unit Labor Costs q/q
- 10:30 a.m. U.S. - FOMC Member Williams Speech
Thursday, November 7
- 2:00 a.m. Eurozone - German Industrial Production m/m
- 5:00 a.m. Eurozone - EU Economic Forecasts
- 7:00 a.m. U.K. - Official Bank Rate, Monetary Policy Summary, BOE Inflation Report, MPC Official Bank Rate Votes
- 7:30 a.m. U.K. - BOE Governor Carney Speech
- 8:30 a.m. U.S. - Unemployment Claims
- Tentative, China - Trade Balance, USD-Denominated Trade Balance
Friday, November 8
- 2:00 a.m. Eurozone - German Trade Balance
- 2:45 a.m. Eurozone - French Industrial Production m/m, French Preliminary Private Payrolls q/q, French Trade Balance
- 8:30 a.m. U.S. - FOMC Member Brainard Speech
- 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Final Wholesale Inventories m/m
- 8:30 p.m. China - Consumer Price Index y/y, Producer Price Index y/y
- All Day, Eurozone - ECOFIN Meetings
Monday, November 4
- 10:00 a.m. U.S. - Factory Orders m/m
- 1:30 p.m. Eurozone - ECB President Lagarde Speech
- 6:50 p.m. Japan - Monetary Base y/y
- 8:45 p.m. China - Caixin Services PMI
Tuesday, November 5
- 8:30 a.m. U.S. - Trade Balance
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, JOLTS Job Openings
- 6:50 p.m. Japan - Monetary Policy Meeting Minutes
- 7:30 p.m. Japan - Services PMI
Wednesday, November 6
- 8:00 a.m. U.S. - FOMC Member Evans Speech
- 8:30 a.m. U.S. - Preliminary Nonfarm Productivity q/q, Preliminary Unit Labor Costs q/q
- 10:30 a.m. U.S. - FOMC Member Williams Speech
Thursday, November 7
- 8:30 a.m. U.S. - Unemployment Claims
- 6:30 p.m. Japan - Average Cash Earnings y/y, Household Spending y/y
- Tentative, China - Trade Balance, USD-Denominated Trade Balance
Friday, November 8
- 0:00 a.m. Japan - Leading Indicators
- 8:30 a.m. U.S. - FOMC Member Brainard Speech
- 8:30 p.m. China - Consumer Price Index y/y, Producer Price Index y/y
Monday, November 4
- 4:30 a.m. U.K. - Construction PMI
- 10:00 a.m. U.S. - Factory Orders m/m
- 1:30 p.m. Eurozone - ECB President Lagarde Speech
- 8:45 p.m. China - Caixin Services PMI
Tuesday, November 5
- 4:30 a.m. U. K. - Services PMI
- 8:30 a.m. U.S. - Trade Balance
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, JOLTS Job Openings
Wednesday, November 6
- 8:00 a.m. U.S. - FOMC Member Evans Speech
- 8:30 a.m. U.S. - Preliminary Nonfarm Productivity q/q, Preliminary Unit Labor Costs q/q
- 10:30 a.m. U.S. - FOMC Member Williams Speech
Thursday, November 7
- 5:00 a.m. Eurozone - EU Economic Forecasts
- 7:00 a.m. U.K. - Official Bank Rate, Monetary Policy Summary, BOE Inflation Report, MPC Official Bank Rate Votes
- 7:30 a.m. U.K. - BOE Governor Carney Speech
- 8:30 a.m. U.S. - Unemployment Claims
Friday, November 8
- 8:30 a.m. U.S. - FOMC Member Brainard Speech
- 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Final Wholesale Inventories m/m
- All Day, Eurozone - ECOFIN Meetings
Monday, November 4
- 10:00 a.m. U.S. - Factory Orders m/m
- 1:30 p.m. Eurozone - ECB President Lagarde Speech
- 8:45 p.m. China - Caixin Services PMI
Tuesday, November 5
- 8:30 a.m. U.S. - Trade Balance
- 8:30 a.m. Canada - Trade Balance
- 9:45 a.m. U.S. - Final Services PMI
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, JOLTS Job Openings
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
Wednesday, November 6
- 8:00 a.m. U.S. - FOMC Member Evans Speech
- 8:30 a.m. U.S. - Preliminary Nonfarm Productivity q/q, Preliminary Unit Labor Costs q/q
- 10:00 a.m. Canada - Ivey PMI
- 10:30 a.m. U.S. - Crude Oil Inventories
- 10:30 a.m. U.S. - FOMC Member Williams Speech
Thursday, November 7
- 8:30 a.m. U.S. - Unemployment Claims
- Tentative, China - Trade Balance, USD-Denominated Trade Balance
Friday, November 8
- 8:15 a.m. Canada - Housing Starts
- 8:30 a.m. Canada - Employment Change, Unemployment Rate, Building Permits m/m
- 8:30 a.m. U.S. - FOMC Member Brainard Speech
- 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Final Wholesale Inventories m/m
- 8:30 p.m. China - Consumer Price Index y/y, Producer Price Index y/y
Monday, November 4
- 10:00 a.m. U.S. - Factory Orders m/m
- 4:30 p.m. Australia - AIG Services Index
- 8:45 p.m. China - Caixin Services PMI
- 10:30 p.m. Australia - RBA Rate Statement, Cash Rate
Tuesday, November 5
- 8:30 a.m. U.S. - Trade Balance
- 9:45 a.m. U.S. - Final Services PMI
- 10:00 a.m. U.S. - ISM Non-Manufacturing PMI, JOLTS Job Openings
- 4:30 p.m. U.S. - API Weekly Crude Oil Stock
Wednesday, November 6
- 8:00 a.m. U.S. - FOMC Member Evans Speech
- 8:30 a.m. U.S. - Preliminary Nonfarm Productivity q/q, Preliminary Unit Labor Costs q/q
- 10:30 a.m. U.S. - Crude Oil Inventories
- 10:30 a.m. U.S. - FOMC Member Williams Speech
- 4:30 p.m. Australia - AIG Construction Index
- 7:30 p.m. Australia - Trade Balance
Thursday, November 7
- 8:30 a.m. U.S. - Unemployment Claims
- 7:30 p.m. Australia - RBA Monetary Policy Statement, Home Loans m/m
- Tentative, China - Trade Balance, USD-Denominated Trade Balance
Friday, November 8
- 8:30 a.m. U.S. - FOMC Member Brainard Speech
- 10:00 a.m. U.S. - Preliminary UoM Consumer Sentiment, Final Wholesale Inventories m/m
- 8:30 p.m. China - Consumer Price Index y/y, Producer Price Index y/y
Thank you for staying up-to-date and good luck in all your trades. If you'd like to receive notifications similar to the above on each Monday free of charge, we invite you to sign up for our free mailing list. If you sign up today, you'll also get 7 days of free access to our premium Trading Alerts for Precious Metals, Crude Oil, and Currencies, as well as our Day Trading Signals. Sign up today.
Thank you.
Paul Rejczak
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care
